SoftBank sells all of Nvidia stake to fund its AI investments

Masayoshi Son's firm now boasts a portfolio that includes some of the world's most sought-after names in Al, including OpenAl. reuters

- Bloomberg

SoftBank Group Corp. sold its entire stake in Nvidia Corp., pocketing $5.83 billion to help bankroll envisioned Al investments at a time investors are questioning the sheer amounts of capital chasing a technology with uncertain future returns.

The Nvidia stake sale highlights how founder Masayoshi Son needs money to chase a plethora of projects that range from Stargate data centres to Al robot manufacturing sites in the US. Its exit coincides with a growing debate about whether spending by big tech firms from Meta Platforms Inc. to Alphabet Inc.—expected to surpass $1 trillion in coming years—will produce commensurate returns.

SoftBank is keen to become a leading player in that growing ecosystem, with plans to leverage stakes in sector linchpins from Openal to US chip designer Ampere Computing LLC. On Tuesday, SoftBank executives stepped ques-

tions about whether the industry is fomenting an AI investment bubble, and said the sale had nothing to do with Nvidia itself but was a necessary financing measure.